Dáil Éireann Debate, Thursday - 9 September 2021
254. Deputy Pádraig Mac Lochlainn asked the Minister for Public Expenditure and Reform the overall amount of the Brexit Adjustment Reserve Fund for Ireland; the percentage of this to be allocated to the seafood sector in Ireland; and if he will make a statement on the matter. [42827/21]
View answerIreland is expected to receive a total allocation of €1.065 billion in 2018 prices (equivalent to €1.165 billion in current prices) from the Brexit Adjustment Reserve (BAR), comprised of €991 million in pre-financing, and a further €74 million in 2025. Expenditure under the Reserve must demonstrate a direct link to the negative impact of the withdrawal of the United Kingdom from the European Union. The eligibility period for the Reserve runs from 1 January 2020 to 31 December 2023.
The BAR Regulation requires that a minimum amount must be ring-fenced to support the fisheries sector, although that amount may be exceeded. For Ireland, the minimum amount that must be ring-fenced is €56 million (2018 prices). Details of BAR expenditure will announced in due course.
